2. SEC 77
Duty to register charges etc.
A company creating a charge, shall, register the particulars of the
said charge with the ROC within 30 days of its creation.
This charge could be:
a. on its property or assets or
b. any of its undertakings
c. whether tangible or otherwise
•Situated in or outside India
•Signed by both the Company and the charge-holder
•Together with the instruments creating the charge
3. Form CHG-1 & Form CHG-9
• Creating or modifying the charge shall be filled in Form No.CHG-1
(for other than Debentures) or Form No.CHG-9 (for debentures
including rectification) with the registrar.
4. Condonation of delay by Registrar
The Registrar may, allow the registration of the charges after thirty
days but within a period of three hundred days of the date of such
creation of charge or modification of charge.
5. Certificate of registration
• Where a charge is registered with the Registrar under sub-section
(1) of section 77 or section 78, he shall issue a certificate of
registration of such charge in Form No.CHG-2
• Where the particulars of modification of charge is registered under
section 79, the Registrar shall issue a certificate of modification of
charge in Form No. CHG-3
6. SATISFACTION OF CHARGES
• A company shall within a period of thirty days from the date of the
payment or satisfaction in full of any charge registered under
Chapter VI, give intimation of the same to the Registrar in Form
No.CHG-4.
• Registrar shall issue shall issue a certificate of registration of
satisfaction of charge in Form No.CHG-5.
7. Intimation of appointment of Receiver or
Manager
The notice of appointment or cessation of a receiver of, or of a
person to manage, the property, subject to charge, of a company
shall be filed with the Registrar in Form No. CHG.6
8. REGISTER OF CHARGES
Every company shall keep at its registered office a register of
charges in Form No. CHG.7
9. Condonation of delay by CG
• Where the instrument creating or modifying a charge is not filed
within a period of three hundred days from the date of its creation
the Registrar shall not register the same unless the delay is
condoned by the Central Government
• The application for condonation of delay shall be filed with the
Central Government in Form No.CHG-8
• The order passed by the Central Government shall be required to be
filed with the Registrar in Form No.INC.28
